Comdata headed toward IPO

Comdata Inc., a Brentwood-based electronic payment company, has filed paperwork with the Securities and Exchange Commission related to plans for an initial public offering.

The company has submitted a draft registration statement as part of a Form S-1 filing. The number of shares to be sold and the price range for the proposed offering have not been determined, according to the statement.

The company got its start servicing the trucking industry, but has branched out to other sectors in recent years. The company, founded in 1969, has more than 1,200 employees worldwide.

Comdata was purchased by parent company Ceridian in 1995. Last year, Ceridian split into two companies, spinning off the Comdata business to allow for future growth.

The IPO exploration follows Comdata’s acquisition of eFueling Technology in January. In 2013, Comdata and eFueling had partnered to develop a Web-based system called Smartlight. The system gives fuel sellers real-time data about activity at unattended fuel pumps.